Metro Denver’s tight housing market puts a squeeze on rentals

Apartments-7Metro Denver’s constricted housing market, which has squeezed buyers since early 2013, has begun to wrap its coils more tightly around renters. Higher home prices and quicker sales times have resulted in a larger number of landlords cashing out, leaving fewer homes for lease and pushing up rents. It’s not only investors selling. Many of those selling are “accidental landlords,” homeowners trapped by the housing downturn who decided to rent rather than sell at a loss.
Read article – Denver Post

Advertisements

About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: